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Topic: supply chain management

Source Local or Go International?

Sourcing the right materials and components for your business is a big decision. There are a multitude of factors that come together that will shape your decision making process when deciding between a domestic or international source. Domestic sourcing occurs in the same country as the buyer, whereas international sourcing occurs in an overseas ma ... Read More

  March 14, 2018     

Supply Chain Management for the Holidays

In order for companies to have the right stock on their shelves, they need to assess a variety of factors affecting inventory management. However, getting inventory in line for the holidays is just part of the story. The wider picture that needs to be assessed is the supply chain management that leads to inventory management. […] ... Read More

  March 12, 2018     

Managing Supply Chains Effectively During the Holiday Season

Gift giving is a major part of the holiday season. As a result, the holiday seasons is hectic, not only for the consumers, but also the retailers and manufacturers supplying the gifts. Supply chains and logistics processes must be in place in order to satisfy consumer demand, with supply chain management a critical part of […] ... Read More

  March 7, 2018     

How Better Supply Chain Management Can Give Manufacturers a Competitive Edge

It’s a tough time for many manufacturers; increasing competition from markets with comparatively low labour and input costs is putting pressure on many local manufacturers. Some sectors, such as automotive manufacturing, are slowly disappearing from large western economies – only recently, almost 100 years of car making history came to an e ... Read More

  January 12, 2018     

Automation: Changing the Face of Inventory Management

Inventory control and supply chain management has evolved on a near continuous basis since the 1980s. Although the tools and technology that back the supply chain have constantly changed, the aim of supply chain planning has remained constant: to get the right product to customers in a timely manner, and to safeguard against stock outs […] ... Read More

  December 8, 2017     

Key tips for breweries to manage their beer supply chain

Knowing what your supply chain is for your brewery is important, it encompasses your raw ingredients, packaging and any other items you bring into your system to use when creating your products. Your supply chain ends when your beer is in the hands of your retailer or consumer. It is a very fundamental step of […] ... Read More

  November 22, 2017     

Supply Chain 4.0 – the new and improved model

A traditional picture of a retailer and customer relationship could be personable and labour intensive. These times might be long gone and although we are not quite at the stage of complete automation, we are certainly on track to get there. So, what does an the future of supply chain look like? Context of supply […] ... Read More

  October 14, 2017     

Trimming Lead Times in the Supply Chain

In a stock-based business, accessing and taking control of inventory is crucially important. Without sufficient inventory, your business will miss out on sales, production lines will slow and you’ll fail to meet customer expectations. Longer lead times also aggravate quality assurance issues; if you discover a manufacturing issue when a shipment ... Read More

  October 14, 2017     

Why reducing lead times is crucial for inventory stock

Why do lead times matter? Lead times are the single largest factor that influence the performance of your supply chain. It’s no question that longer lead times exhibit the notion that you will have to carry more inventory stock, and thus there is a real risk of shortage. Longer lead times suggest that it’s harder […] ... Read More

  October 9, 2017     

Alleviating 5 biggest supply chain challenges

Supply chain managers have seen increasing challenges to create, and keep, efficient and effective supply chain methods. Customers are demanding innovative products at a reasonable price and at the right time. This creates challenges for businesses since creating both responsive and cost-effective supply chains is critically difficult and often cou ... Read More

  July 29, 2017     

2 ways to reduce lead times in the supply chain

Lead times play a huge role in inventory management. Lead times are the amount of time it takes for you to receive your products from the time you place a purchase order with your supplier. That means if you can reduce your lead time, the results will create a need to carry less stock, allowing […] ... Read More

  July 24, 2017     

Goal: Successful supply chain management

Have you ever sat back and wondered how giant companies such as Apple, Walmart and Ikea became so successful both in their reach and their inventory turnover? Well, it turns out they are model companies when it comes to supply chain management, which essentially governs the whole process from purchasing stock to ensuring it is […] ... Read More

  July 8, 2017     

5 key ways to manage inventory management supply chain risks

It is imperative to understand the interconnected ways of inventory management supply chain risks so executives can tailor balanced and effective risk reduction inventory strategies for their businesses. Inventory management is crucial to the heart of a business’s profitability, and as such supply chain risk management is of extreme importance. T ... Read More

  June 26, 2017     

No more roadblocks to sell your receipted goods!

No more waiting for that final transport invoice to come through before you receipt a purchase order and book in your goods with purchase order recosting. ... Read More

  May 2, 2017     

8 Key Factors that Influence Freight Costs

If your business involves inventory - whether you are a wholesaler, manufacturer or retailer - freight charges are one of the key costs of doing business. ... Read More

  April 28, 2017     

Inventory management – A wholesaler dream

Effective inventory management is essential for a wholesaler to maintain order and efficiency, which will translate into a more flourishing bottom line. ... Read More

  March 23, 2017     

Craft Beer and the Race for Hops

The craft beer revolution has sparked a unique production for breweries both small and large, and needs careful managing of perishable stock. ... Read More

  March 7, 2017     

Manufacturers – can better inventory management improve business performance?

Manufacturers and inventory obviously go hand in hand, and keeping track of all the moving parts for the most profitable results can be difficult. ... Read More

  March 3, 2017     

In the Nick of Time: Just-in-Time Inventory

When a business holds excess inventory it ties up capital and incurs holding and carrying costs. Minimizing inventory waste should therefore be a key inventory management goal for an efficient business. Just-in-Time (JIT) inventory involves the ongoing minimization of inventory waste by only procuring inventory to meet immediate demand. It stands i ... Read More

  October 31, 2016     

Understocking is never as simple as it sounds…

You may think that understocking does not sound that bad, however the reality is there are several knock-on effects which can severely jeopardize the company. Understocking, simply put, indicates a lack of correct stock control and a misunderstanding of supply and demand. These things need to be addressed in order to ensure profitability. ... Read More

  October 27, 2016     

How best to manage the risks you could be exposed to in your supply chain

There are many risks in the supply chain that can drastically affect a company’s profitability, reputation and ability to function optimally. These risks, in recent times, have been multiplied through things such as globalization, piracy, economic crises and exchange rates. Also, the move towards instant gratification and needing everything right ... Read More

  October 24, 2016     

The Supply Chain Crystal Ball: Managing Supply Chain Risk Better

In theory, intricate supply chains can provide a great deal of comfort. Every detail is mapped out in meticulous detail - not just where inventory is coming from and going to, but how it will get there and within what timeframe. In reality, not even the best logistics experts can predict the future so as a result, supply arrangements will always in ... Read More

  October 13, 2016